Jensen Beach FL 34957 Condo Market Report April 2015

Jensen Beach FL 34957 Condo Market Report April 2015

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for April 2015

 

For April 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 28 active listings. (Decreased by 2 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2015

16 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2015

11 Condos Sold (Increased by 6 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2015

 The Jensen Beach FL 34957 Condo Market Report April 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.   Closed sales were up for the month while both pending sales and active listings declined.  The current inventory is so low that future sales will be impacted unless more condos come on the market.

The one month absorption rate for the April 2015, Jensen Beach Florida Market Report ZIP Code 34957 dropped to2.5  months (from 6 months in March), once again a strong sellers’ market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The April 2014 numbers were: 29 active listings, 9 pending sales and 9 condos closed.  A better month as compared to last year.

Jensen Beach FL 34957 Condo Market Report April 2015

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Jensen Beach FL 34957 Condo Market Report April 2015

Jensen Beach FL 34957 Residential Market Report April 2015

Jensen Beach FL 34957 Residential Market Report April 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for April 2015

 For April 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 145 active listings. (Up by 3 homes from last month)

Jensen Beach FL 34957 Residential Market Report April 2015

88Residential sales are pending and awaiting close or lender approval. (Up by 3 homes from March)

Jensen Beach FL 34957 Residential Market Report April 2015

48 Homes Sold (Increased by 19 homes from March)

Jensen Beach FL 34957 Residential Market Report April 2015

The Jensen Beach FL 34957 Residential Market had an exceptionally strong April for closed sale.  Pending sales also continue to look good.  Also, a good sign that the available inventory did not decrease and actually rose by a marginal amount.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 plunged to 3.0 months (was 4.9 months in March).  An extreme sellers market for Jensen Beach home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The April 2014 numbers were: 135 active listings, 80 pending sales and 40 home sales closed.   Improved activity from a very strong April of 2014.  We are now seeing some bidding wars for well placed and attractive Jensen beach homes.
Jensen Beach FL 34957 Residential Market Report April 2015

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Jensen Beach FL 34957 Residential Market Report April 2015

Palm City FL 34990 Condo Market Report April 2015

Palm City FL 34990 Condo Market Report April 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2015

 

For April 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 55 active condo listings. (Up by 7 condos from March)

Palm City FL 34990 Condo Market Report April 2015

11 Condo sales are pending and awaiting close or lender approval. (Decreased by 4 condos from last month)

Palm City FL 34990 Condo Market Report April 2015

7 Condos Sold in April. (Up by 1 condos from March)

Palm City FL 34990 Condo Market Report April 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Pending sales were off from last month while we had one additional closed sale for April.  There was an increase in inventory which is a good sign for the future.

The current absorption rate for condos in the 34990 zip code area declined to 7.9 months (was 8 months in August).   A marginal improvement from last month, and getting closer to a desirable balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The April 2014 numbers were: 53 active listings, 8 pending sales and 7 closed sales.   Except for some better pending sales, almost identical activity to last year.
 Palm City FL 34990 Condo Market Report April 2015

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Palm City FL 34990 Condo Market Report April 2015

Palm City FL 34990 Residential Market Report April 2015

Palm City FL 34990 Residential Market Report April 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2015

 

For April 2015 in the 34990 Zip Code area of Palm City Florida :


There are currently 381 active listings (Decreased by 54 homes from March)

Palm City FL 34990 Residential Market Report April 2015

  217 Residential sales are pending and awaiting close or lender approval. (Increased by 29 homes from last month)

Palm City FL 34990 Residential Market Report April 2015

73 Homes Sold in March (Increased by 5 sold homes from March)

Palm City FL 34990 Residential Market Report April 2015

The Palm City FL 34990 residential real estate market was very strong for April.  Both closed and pending sales were up from previous months.  Unfortunately the active inventory continues to declines which may impact the future sales for this area.
 The current absorption rate dropped to 5.2 months from 6.4 months in March.  A sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2014 numbers were:  446 active listings, 166 pending sales and 82 closed sales.  It was also a strong sales market for last year, but pending sales look much better for this year.  The reduced inventory is troubling.

Palm City FL 34990 Residential Market Report April 2015

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Palm City FL 34990 Residential Market Report April 2015

Stuart FL 34997 Residential Market Report April 2015

Stuart FL 34997 Residential Market Report April 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2015

 

There are currently 315 active listings (Decreased by 46 homes from March).

Stuart FL 34997 Residential Market Report April 2015

223 Residential sales are pending and awaiting close or lender approval (Increased by 12 homes from March).

Stuart FL 34997 Residential Market Report April 2015

98 Homes Sold in April (Increased by 11 homes from March)

Stuart FL 34997 Residential Market Report April 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory took a major drop as sales are going faster than homeowners are willing to list on the market.  Both pending sales and closed sales were up and well priced new listings are going off the market very quickly.
     The current one month absorption rate increased to 3.2  months (was 4 months for March).  Moving to even a stronger seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for April, were: 404 active listings, 190 pending listings and 61 closed sales.  Much stronger activity for 2015, even with a considerably reduced inventory.
Stuart FL 34997 Residential Market Report April 2015

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Stuart FL 34997 Residential Market Report April 2015

 

Stuart FL 34996 Residential Market Report April 2015

Stuart FL 34996 Residential Market Report April 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2015

 

For April 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 173 active listings (Up by 6 homes from March).

Stuart FL 34996 Residential Market Report April 2015

29 Residential sales are pending and awaiting close or lender approval (Down by 8 homes from March).

Stuart FL 34996 Residential Market Report April 2015

18 Homes Sold in April (Decreased by 3 homes from March).

Stuart FL 34996 Residential Market Report April 2015

The 34996 zip code area of the Stuart Florida residential real estate market retreated from the improved numbers of last month.  Both pending sales as well as closed sales were off for the month as compared to March.  A little bit of a disappointing report especially when looking at our other Stuart markets.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April increased to 9.6 months as compared to March’s 7.9 months.  Drifting to even a stronger buyers’ market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for April of 2014 were: 186 active listings, 52 pending sales and 11 closed sales.  Better sales activity this year, but the pending sales are off as compared to last year, which may mean slower sales in the immediate future.

Stuart FL 34996 Residential Market Report April 2015

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Stuart FL 34996 Residential Market Report April 2015

Jensen Beach FL 34957 Condo Market Report March 2015

Jensen Beach FL 34957 Condo Market Report March 2015

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2015

 

For March 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 30 active listings. (Decreased by 10 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2015

21 Condo sales are pending and awaiting settlement. (Increased by 7 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2015

5 Condos Sold (Decreased by 4 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2015

 The Jensen Beach FL 34957 Condo Market Report March 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.   The inventory remains low, while pending sales (a sign of future activity) improved and closed sales decreased.

The one month absorption rate for the March 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6 months (from 4.4 months in February), back into a balanced market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2014 numbers were: 23 active listings, 18 pending sales and 16 condos closed.  Not as strong a month as we had in March of 2014.

Jensen Beach FL 34957 Condo Market Report March 2015

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Jensen Beach FL 34957 Condo Market Report March 2015

Jensen Beach FL 34957 Residential Market Report March 2015

Jensen Beach FL 34957 Residential Market Report March 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for March 2015

 For March 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 142 active listings. (Down by 4 homes from last month)

Jensen Beach FL 34957 Residential Market Report March 2015

85 Residential sales are pending and awaiting close or lender approval. (Up by 14 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2015

29 Homes Sold (Increased by 2 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2015

The Jensen Beach FL 34957 Residential Market continues to show good strong activity with a strong increase in pending sales for this month and a slight drop in closed sales.  The available inventory also took a slight decrease.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.9 months (was 5.6 months in February).  Still in a sellers market for Jensen Beach home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The March 2013 numbers were: 124 active listings, 97 pending sales and 29 home sales closed.   Similar activity to last year.  Though, interestingly Jensen Beach is one of the few areas in Martin County with increased inventory for 2015 as compared to last year.
Jensen Beach FL 34957 Residential Market Report March 2015

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Jensen Beach FL 34957 Residential Market Report March 2015

Palm City FL 34990 Condo Market Report March 2015

Palm City FL 34990 Condo Market Report March 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2015

 

For March 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 48 active condo listings. (Down by 6 condos from February)

Palm City FL 34990 Condo Market Report March 2015

15 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month)

Palm City FL 34990 Condo Market Report March 2015

6 Condos Sold in March. (Up by 2 condos from February)

Palm City FL 34990 Condo Market Report March 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Both pending and closed sales were up for March while our inventory of available condos for sale continues to shrink.

The current absorption rate for condos in the 34990 zip code area declined to 8 months (was 13.5 months in August).   An improvement from last month, and approaching a balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The March 2013 numbers were: 57 active listings, 5 pending sales and 1 closed sales.   Considerably better activity for this year, even with the reduced inventory of available condos for sale.
 Palm City FL 34990 Condo Market Report March 2015

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Palm City FL 34990 Condo Market Report March 2015

Palm City FL 34990 Residential Market Report March 2015

Palm City FL 34990 Residential Market Report March 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2015

 

For March 2015 in the 34990 Zip Code area of Palm City Florida :


There are currently 435 active listings (Decreased by 15 homes from February)

Palm City FL 34990 Residential Market Report March 2015

  188 Residential sales are pending and awaiting close or lender approval. (Increased by 24 homes from last month)

Palm City FL 34990 Residential Market Report March 2015

68 Homes Sold in February (Increased by 13 sold homes from February)

Palm City FL 34990 Residential Market Report March 2015

The Palm City FL 34990 residential real estate rebounded for March with some strong gains in both pending and closed sales.  Unfortunately, a decrease in inventory bringing us below last years levels.
 The current absorption rate dropped to 6.4 months from 8.2 months in February. Back into a balanced buyer’s market for Palm City residential real estate market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2013 numbers were:  440 active listings, 169 pending sales and 48 closed sales.  Considerably stronger activity for 2015 than as compared to last year, which started out fairly slow after a very heated 2013.

Palm City FL 34990 Residential Market Report March 2015

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Palm City FL 34990 Residential Market Report March 2015

Stuart FL 34997 Residential Market Report March 2015

Stuart FL 34997 Residential Market Report March 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2015

 

There are currently 351 active listings (Decreased by 21 homes from February).

Stuart FL 34997 Residential Market Report March 2015

211 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from February).

Stuart FL 34997 Residential Market Report March 2015

87 Homes Sold in March (Increased by 15 homes from February)

Stuart FL 34997 Residential Market Report March 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  The inventory gain we had in February has now been erased for March.  Solid increases in both pending and closed sales.
     The current one month absorption rate increased to 4  months (was 5.2 months for February).  A very strong seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2013 numbers for March, were: 416 active listings, 192 pending listings and 98 closed sales.  Considering the reduced inventory from last year, better activity for 2015.
Stuart FL 34997 Residential Market Report March 2015

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Stuart FL 34997 Residential Market Report March 2015

 

Stuart FL 34996 Residential Market Report March 2015

Stuart FL 34996 Residential Market Report March 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2015

 

For March 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 166 active listings (Up by 8 homes from February).

Stuart FL 34996 Residential Market Report March 2015

37 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from February).

Stuart FL 34996 Residential Market Report March 2015

21 Homes Sold in March (Increased by 9 homes from February).

Stuart FL 34996 Residential Market Report March 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to show improvement from a fairly anemic beginning of the year for 2015, though there’s still more room for improvement.   Increase closed sales as well as inventory, along with a small decrease in pending sales for March.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 7.9 months as compared to February’s 13.2 months.  Still a buyers’ market, though the trend is towards a balanced market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for March of 2013 were: 162 active listings, 47 pending sales and 15 closed sales.  We experienced more  closed sales  this year, but the pending (future) sales activity was better last year.

Stuart FL 34996 Residential Market Report March 2015

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Stuart FL 34996 Residential Market Report March 2015

Westwood Country Estates Palm City March 2015 Market Update

Westwood Country Estates Palm City March 2015 Market Update

As of March 2015, there is only 1 home on the market in Westwood Country Estates in Palm City, FL.  The list price is $379,900 which equals $173.00 per sq. ft. of living area.

There are no homes currently under contract (pending sales)

There have been 2 homes sold in the past 12 months in Westwood Country estates.  Sales prices were $380,000 and $415,000 for an average of $170.88 per sq. ft. of living area.  These sales averaged 96% of the list price.

None of the real estate activity in Westwood Country Estates was in a distressed situation.

Westwood Country Estates Palm City March 2015 Market Update Florida

 Westwood Country Estates in Palm City, FL  is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ acre or more, that will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to.  Every home is unique and there is sure to be one you will fall in love with!

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

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Westwood Country Estates Palm City March 2015 Market Update

Jensen Beach FL 34957 Condo Market Report February 2015

Jensen Beach FL 34957 Condo Market Report February 2015

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for February 2015

 

For February 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 40 active listings. (Unchanged from January)

Jensen Beach FL 34957 Condo Market Report February 2015

14 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2015

9 Condos Sold (No change from January)

Jensen Beach FL 34957 Condo Market Report February 2015

 The Jensen Beach FL 34957 Condo Market Report February 2015 remains a small sector as far as condos in Martin County.  Market activity for February remained almost identical to January with the exception of a decrease in pending sales, which may negatively effect closed sales in the coming months.

The one month absorption rate for the February 2015, Jensen Beach Florida Market Report ZIP Code 34957 remained unchanged at 4.4 months (also 4.4 months in January).  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2014 numbers were: 27 active listings, 20 pending sales and 6 condos closed.  Better activity this year, but also increased inventory, though still very low.

Jensen Beach FL 34957 Condo Market Report February 2015

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Jensen Beach FL 34957 Condo Market Report February 2015

Jensen Beach FL 34957 Residential Market Report February 2015

Jensen Beach FL 34957 Residential Market Report February 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for February 2015

 For February 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 146 active listings. (Down by 7 homes from last month)

Jensen Beach FL 34957 Residential Market Report February 2015

85 Residential sales are pending and awaiting close or lender approval. (Up by 20 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2015

26 Homes Sold (Decreased by 2 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2015

The Jensen Beach FL 34957 Residential Market continues to show good strong activity with a strong increase in pending sales for this month and a slight drop in closed sales.  The available inventory also took a slight decrease.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased slightly to 5.6 months (was 5.5 months in January).  Still in a sellers market for Jensen Beach home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The February 2013 numbers were: 144 active listings, 82 pending sales and 26 home sales closed.   Almost identical activity to last year’s February numbers.
Jensen Beach FL 34957 Residential Market Report February 2015

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Jensen Beach FL 34957 Residential Market Report February 2015

Palm City FL 34990 Condo Market Report February 2015

Palm City FL 34990 Condo Market Report February 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2015

 

For February 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 54 active condo listings. (Down by 5 condos from January)

Palm City FL 34990 Condo Market Report February 2015

13 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month)

Palm City FL 34990 Condo Market Report February 2015

4 Condos Sold in February. (Up by 1 condo from January)

Palm City FL 34990 Condo Market Report February 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales for Palm City condos were up slightly for February, as were pending sales.  Our active inventory is currently less than last year’s.

The current absorption rate for condos in the 34990 zip code area is 13.5 months (was 19.7 months in August).   An improvement from last month, but still have a ways to go for a balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The February 2013 numbers were: 63 active listings, 6 pending sales and 6 closed sales.   Better activity last year, though only slightly and there was greater inventory.
 Palm City FL 34990 Condo Market Report February 2015

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Palm City FL 34990 Condo Market Report February 2015

Palm City FL 34990 Residential Market Report February 2015

Palm City FL 34990 Residential Market Report February 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2015

 

For February 2015 in the 34990 Zip Code area of Palm City Florida :


There are currently 450 active listings (Increased by 7 homes from January)

Palm City FL 34990 Residential Market Report February 2015

  164 Residential sales are pending and awaiting close or lender approval. (Increased by 6 homes from last month)

Palm City FL 34990 Residential Market Report February 2015

55 Homes Sold in January (No change in sold homes from January)

Palm City FL 34990 Residential Market Report February 2015

The Palm City FL 34990 residential real estate continued with some fairly sluggish sold numbers while pending sales remain quite strong, so I’m anticipating a return to a more balanced market soon.  The inventory also rose for the second month in a row, giving buyers more choices of homes.
 The current absorption rate jumped to 8.2 months from 8.1 months in January. The second month in a row of a buyer’s market for Palm City residential real estate.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2013 numbers were:  472 active listings, 131 pending sales and 49 closed sales.  Better activity for 2015 than as compared to last year, which started out fairly slow after a very heated 2013.

Palm City FL 34990 Residential Market Report February 2015

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Palm City FL 34990 Residential Market Report February 2015

Stuart FL 34997 Residential Market Report February 2015

Stuart FL 34997 Residential Market Report February 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2015

 

There are currently 373 active listings (Increased by 25 homes from January).

Stuart FL 34997 Residential Market Report February 2015

202 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from January).

Stuart FL 34997 Residential Market Report February 2015

72 Homes Sold in February (Decreased by 4 homes from January)

Stuart FL 34997 Residential Market Report February 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  We had a significant increase in inventory for February, though still under last years level.  Continued strong pending and closed numbers even if slightly off from last month.
     The current one month absorption rate increased to 5.2  months (was 4.6 months for January).  Still a sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2013 numbers for February, were: 424 active listings, 184 pending listings and 63 closed sales.  For the first two months of 2015, activity has been superior to last year.
Stuart FL 34997 Residential Market Report February 2015

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Stuart FL 34997 Residential Market Report February 2015

 

Stuart FL 34996 Residential Market Report February 2015

Stuart FL 34996 Residential Market Report February 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2015

 

For February 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 158 active listings (Down by 2 homes from January).

Stuart FL 34996 Residential Market Report February 2015

39 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from January).

Stuart FL 34996 Residential Market Report February 2015

12 Homes Sold in February (Increased by 5 homes from January).

Stuart FL 34996 Residential Market Report February 2015

The 34996 zip code area of the Stuart Florida residential real estate market rebounded a bit from a very poor start in January, though there’s still more room for improvement.   Increase closed sales along with a small decrease in pending sales and inventory for February.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February increased to 13.2 months as compared to January’s 22.9 months.  A huge buyers’ market, though I suspect this will be a short time phenomenon.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February of 2013 were: 152 active listings, 40 pending sales and 6 closed sales.  Very similar activity to Feb. 2014.  No significant differences other than double the number of closed sales.

Stuart FL 34996 Residential Market Report February 2015

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Stuart FL 34996 Residential Market Report February 2015

Jensen Beach FL 34957 Condo Market Report January 2015

Jensen Beach FL 34957 Condo Market Report January 2015

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for January 2015

 

For January 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 40 active listings. (Down by 4 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2015

19 Condo sales are pending and awaiting settlement. (Increased by 4 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2015

9 Condos Sold (Up by 5 condo from December)

Jensen Beach FL 34957 Condo Market Report January 2015

 The Jensen Beach FL 34957 Condo Market Report January 2015 remains a small sector as far as condos in Martin County.  Inventory decreased for the first of the year after a couple of months of small gains, but this may be due to the great activity in this segment of the market with both pending and closed sales up for the month.

The one month absorption rate for the January 2015, Jensen Beach Florida Market Report ZIP Code 34957 declined to 4.4 months (8.8 months in December), a big jump into a sellers market to start off 2015.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The January 2014 numbers were: 35 active listings, 19 pending sales and 4 condos closed.  Better closed numbers for this year and we have a bit higher inventory.

Jensen Beach FL 34957 Condo Market Report January 2015

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Jensen Beach FL 34957 Condo Market Report January 2015